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Macroanalysis: Overview of Bitcoin!!!Hello guys, in this technical analysis. I believe that Bitcoin is starting the bull run so soon. So guys, I am very excited how Bitcoin is strenghten in the past days that the Bitcoin price is near of $10,000 USD, The price in the moment is $9,934 USD. Remember that in long-term we see a proyectio of near of $28,000 USD in long-term, also if you noticed it, Bitcoin is break out the simetric triangle from 2017 to 2020 that is a grant accumulation zone. But in weekly, overview this, in mid-term we could see a Bitcoin near of $12,000 USD as target profit if you trade in weekly in Bitcoin. That my guys, is my technical analysis for you in macrotrend!!! Also, I invited you to see my latest technical analysis of Bitcoin in the future to see it.
COINBASE:BTCUSDLong
by harisonhbn9718
1
BITCOIN TARGETS 11000 AND ABOVE - STRATEGY EXPLAINEDOur Alpha 16 members Professional Traders Club have a brainstormed this strategy to confirm Bitcoin rally to USD11000+ mark and finally to USD12500 marks by the end to July. So what is moving Bitcoin higher and higher? Do you know the reason? We have your answer. There is a series of events that you see in the price action of the Bitcoin Extreme bullish pattern. Here are the series of events that left Bitcoin the only King to rule the market and safe heaven for the investor. All Major Countries of the G20 economy group have their interest rate negative or Zero. So where the investor has to invest? Stock markets are crashing, new business ventures halted, Govt is paying you to buy oil and their treasury bonds. Currencies are worthless because Govt started printing currencies as much as to support their economies with false medicine. So currency papers losing their value. DXY which is USD index is at its lowest. While assets value is growing since years Gold, Silver XAUUSD, Gold miners GLD index, GDX index are making new highs, Palladium is at its peak. So the only option left is Bitcoin the king to Crypto for people to save their hard-earned incomes. And this demand is never-ending. Check the list of countries where you have to pay if you keep money in the current bank account because they want you to throw your money in poor economy and buy shares of the company so they can revive. USA 0.00% Switzerland -0.75%. Japan -0.1%. Australia 0.00% England 0.00% Euro 0.00% Denmark -0.10% And many more. If you like our work please comment and share your views it will push us to keep sharing with you the premium ideas.
BITSTAMP:BTCUSDLong
by DragonCaptain
8
"WipeOut" Big Balls Obstacle Course for BTCUSD...Right step by step analysis for BTCUSD. Just an update from my previous post. If you yet to read that post please do so before reading this. Alright, so what we see now is a consolidation phase as predicted previously. I expect this consolidation to be wider in range as we can see price level within this resistance and support level do test the extreme before a significant movement. They bounce bounce and bounce. Just like the "Wipeout" game show, not many passes this obstacles and mostly failed and there you go a downward movement :) Okay jokes aside, this is the range we should be keeping a lookout at still definitely possible short opportunity at the top but if we see a breakout we can confirm that it passed the obstacle course. However, for now I would like to see a fall back to 8400 price level and prolly 8100 price level before the BULLS take over. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
BITSTAMP:BTCUSDShort
by YGForex
2
Bitcoin Poised for Run at $10,300All major indicies ended in the red yesterday, except for the Nasdaq 100 (NDX). For this reason, bears should continue to stay put on the sidelines. As long as tech continues exhibiting its strength, notably big tech, the market rally will resume. It is remarkable that yesterday the ADP reported 20.2 million private-sector jobs were lost in April. You'd think the market would sell off on this type of news. We live in a world where markets may now be disconnected from reality quite frankly. To make things more interesting, like the market, cryptocurrencies sold off into their daily close, shaking the weak hands. Who keeps saying crypto has decoupled from traditional markets? Yesterday was the dip before 10,000 is tested. Let's go ahead and take a look at Bitcoin. 8-Month Long Brick Wall of Resistance Bitcoin has been one of the hottest assets since the March low. I admittedly was bearish earlier than I should have. I was wrong! Its part of trading though, so let's take a look at the daily Bitcoin chart below. Bitcoin is just in pause mode, giving RSI a breather before heading higher toward 10,000. I highlighted that between 10,300-10,900, I would expect sellers to pile in. The 10,000 price handle represents psychological resistance and resistance that has held for 8-months. Volume will be key for determining the trend. On this rally, the volume has been decreasing (bearish). A spike of volume in conjunction with price action would confirm the direction of the next trend. On the 4-hour chart above Bitcoin appears to be within a cup and handle pattern. Known as a bullish continuation pattern, its measured target is approximately 10,300 and within the 8-month resistance noted above. The sell-off last night came off some volume, but my view is that volume was absorption. A final shakeout before heading higher. Bitcoin is already back at the highs of yesterday. Congrats if you bought that dip! Bias: Bullish . Further proof that Bitcoin will making heading higher going into halving is Litecoin. Below is the daily chart of Litecoin. Yesterday evening Litecoin retested April 28th breakout levels. As of this writing this post, Litecoin continues to show strength off the lows from yesterday. As long as this support holds, dips are for buying. Not shown here is a lower time frame image of Litecoin which is notable of a falling wedge pattern. If Litecoin makes a bullish break, targets are at its previous high of around 50. Bias: Bullish . Altcoin Divergence Before I end this post, it is important to highlight the diversion showing up between Bitcoin and altcoins. Some may suggest that this is a bullish sign for Bitcoin. I do not . The divergence at resistance should not be taken lightly. Although Bitcoin will likely be heading to test 10,000, I would be a strong seller. If altcoins are able to take out their April high I will reassess my bias. Thanks you for reading this post and I'll talk to you all later on!
COINBASE:BTCUSDLong
by DailyClose
2
BTC nearing crucial pointFeel free to comment on my TA or share your thoughts on BTCUSD at the moment. Bitcoin broke out of the descending channel although we still need to wait for the candle to close in order to confirm this - MACD fast creeping over the slow indicator. This also happened back in february (blue arrows) - Long term symmetrical triangle pattern is still holding Things I'm looking out for: - Weekly close above the channel - Weekly close above the sym. triangle - Lots of volume to go with it
COINBASE:BTCUSD
by Coinathlon
Analysis on $BTC for CryptoEduLK CommunityIn recent pass there were turns at strong monthly resistance levels June 2019 - $13800 Level & Feb 202 - $10500 Level Mid March expected support was at $7777 level. However covid19 crash brought in new yearly low, while weekly support level of $5340 was respected. For last 6 weeks we see up trending weekly candles with selling pressure being high on 4 weeks, while last week and this showing some increased buying pressure, Disturbing part is reducing volume week by week, which signals bearish movement. RSI is also showing divergence formation , however HTF are not my favorite for divergence. Currently price is trying to break through a key monthly resistance which is key Fibonacci level for recent retracement. Last time it took 6 weeks to break through this level (Nov/Dec 2019) If current week closes above, resistance level with a good volume I'll be bullish, otherwise bearish.
BITSTAMP:BTCUSD
by cryptochi1986
Bitcoins Breakout is still on but remains in the balance..Bitcoins symmetrical triangle breakout is looking good again this morning having spent the weekend repeatedly testing the breakout resistance. We are currently making our first real attempt at breaking above the nasty 4hour rejection candle from the initial breakout. Volume looks ok for this push as well. Should we break the 4hour candle of death then the original longer target of 8100 is back to being on. What would I like to see? Break the 4hour candle of death, get into the 7500 region and then come back down to retest the top of that 4hour candle before pushing back up. As always, should we fail to break the 4hour candle top and fall back down into the sym triangle structure then i'd be expecting a big fall in price down to the bottom of the structure. For now though, we still look good and getting healthier by the day..
BITSTAMP:BTCUSD
by Richyboy36
1
Bitcoin BTCUSD struggline to re-take $10,500Bitcoin is trading in the $10,000 - $10, 500 area for the fourth consecutive session today. Still, bulls manage to keep the daily closure above $10,200, which is a good sign for the mid-term. On Wednesday and Thursday (12-13.02), BTC was rejected twice at $10,500 and since then is not able to consolidate properly and make its move to print a new local high. The uptrend is still intact, but it looks to me we are up for a few days, if not weeks of range trading unless we see a spike in volumes. As we discussed last time, the 24-hour volumes fell off a cliff on Tuesday, from $80 billion to $33 before recovering to values between $45 and $50 billion. Open interest is also increasing for BTC since the beginning of the month. Hit a like and follow me for more weekly and daily updates.
BITSTAMP:BTCUSD
by FutureBlockchain
Bitcoin - Simplicity over complexity wins the trade - ImportantAfter the last winning run, I showed you that support and resistance is a very simple concept that will make you money. We buy at an area where there is a lot of support and we sell as soon as we hit resistance, it works consistently and your number of winning trades will go up a lot. What is the key ingredient of this style of trading? Simple, patience and discipline. You have to let the trade come to you and you have to sell as soon as you hit resistance. WHERE DO WE STAND NOW? Our trade is over and we are sitting on 100% no trade is open. We made some profit so we sit on the sidelines and wait for another very low risk and high reward opportunity. Buying at around 7K is a very low risk set up, but that means having enough discipline to see green candles form and still letting BTC come to you. Keep in mind that it has to go up from time to time in order to come down. What you don't want to do is jump back in simply because you're feeling lucky, let the trade come to you. We will also keep an eye on that 50MA that can act as a bounce-off point. SO WHAT IF? What if BTC takes off like a rocket from here? Great, then we buy in after it goes over resistance (what is resistance? The 200MA and the white horizontal line right above) and on the pullback. Let the others take the risk and we come in only when our money is safe and the trade is favorable to us. BTC in no way and under any circumstance will ever go to 20K in one candle, so do not FOMO. What will happen is that you will buy at the top of a run and right away comedown during the pullback, panic sell at the bottom and then watch BTC go back up without you. This, in essence, is what you've been doing with BTC and Altcoins all along. If so, what you have to do is fix your timing. How do you fix it? Reach out to me if you want to become a better trader I can help you. THE NEW RECOMMENDED BUY ZONE Set a buy order at around 7k and if it hits it hits and if it does not? Simple, we'll find another very safe jump-in point. The idea is not to simply put our money in, the idea is to put our money in once we have a very low-risk high reward situation in front of us. My style of trading works and I've proven to you over and over again that simplicity is best over complexity. Keep your eye on a few battlegrounds and you'll get good hints about BTC's intended direction. Reach out to me if you are willing to work towards becoming a better trader. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours. THE TREND: Neutral / Sideways THE OUTLOOK: More downward movement expected.
by cryptoGats
159
Bitcoin - Do I have your attention now?Back on December 20th, I noticed that BTC has started a shift towards going up. When you gain enough experience you'll see these shifts the day they happen and you start cashing in on them right away. I was making a case against the tide, footprints of a pivot are very subtle and most analysts can't see them. The consensus was that we were going down some more, my view was that we were building a temporary bottom. You have to know which time frames to use and how to draw proper trend lines to spot shifts like the one we had. Once you become an experience analyst it is really hard to fool you, you will know that we are going down even if we appear to be going up and likewise. WHAT IS HAPPENING NOW? BTC is continuing a steady rise, so what makes a coin go up in price in terms of technical analysis? Easy, it's a snowball effect. There are buy orders stacked above all of the barriers that you see in the chart above, such as the 50 moving average and the trend line. As soon as we successfully go over each obstacle the buy orders kick in and when that happens price goes up, when the price goes up more buyers come in and they push the price over the obstacles and so on... Now that you understand how that works let's get back to what is happening now. BTC did jump over the 50MA on the 1-day chart so potentially this will create a very strong support area. If we stay on this path a long green candle may be generated and that will try to reach the 100 moving average. Between here and the 100 moving average there is not much of an obstacle, so it is very reasonable to think we will go for it. Keep this in mind: As a trader when do you start making money? When consensus points in one direction but you properly read the chart and you know it is going the other. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours. Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits. NOW, THE LEGEND; Support trend lines are green Resistance trend lines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Building a possible bottom THE OUTLOOK: A rally may be coming soon.
by cryptoGats
87
Bitcoin - Shift HappensA few weeks back I made a post about how BTC appears to have made a shift from running downhill to starting a slow uphill jog. Is this slow walk uphill going to hold? So far it has (for two weeks now) but we're about to find out since we are coming up to a decision point very quickly. There is one area of concern that can answer the question, but we'll circle back to that in a bit. In the smaller time frames, BTC has been on a sideways range. On the 4H chart, BTC has managed to stay around the 61.8% pull-back. On the 6H chart, BTC is showing weakness since it has lost the 50MA for now and yet to conquer the 20MA, Also, it is about to close candle #3 under the 50MA -- which is not good at all. Price needs to be above $7600, keep this number in mind it is a key number. Let's bring it in together. The area of concern is the 1W chart, BTC has got to close a few candles above the 50MA very soon or we are going down. Simply put BTC has to close at $7600 this week's candle which is a key number now. Out of all of these things, what do you need to keep an eye on? Keep looking at the 1W chart if BTC closes under the blue line we go down, if BTC closes above the yellow line we'll go up. Need it simpler? BTC needs to close above $7600 by Sunday night. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time. Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits. NOW, THE LEGEND; Support trend lines are green Resistance trend lines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Going Down but finding stability THE OUTLOOK: Beginning to see the end of the downtrend a rally may be coming soon.
by cryptoGats
52